@Martin Neal your bank is correct.

One cannot depend entirely on the realtor to know all the details; they are the sales agent, not the business partner.I've met many investors who say the master lease is the tool to use but I have not tried.Last month at a meet up, I found a man who vacationed annually in the Keys at an illegal VRBO.  

They have the will stating them as the heir and have filed everything through their local county court in Massachusetts.The hang up, the title company here in Florida is saying that the property still needs to go through probate here in Florida which will take 8-12 weeks.Is this correct information that he will in essence be going through probate twice?

Have you purchased any scripts or listing packages or marketing tools?

If I'm understanding your question correctly, it seems like your investor would sign the assignment contract with you.  

Things I can not find is the correct property tax, insurance as well as FHA insurance.

My question is: does the rental property tool still apply to large properties, let's say 10+ units?

However I charged them in tools, I got more and better tools and they got more affordable repairs.Figure out first what you're comfortable with. 

@Andy Mirza So if I understand correctly, according to our partnership split e.g. 50-50, the deduction allowance would also be 50-50 correct?

Over the years i have been extremely passive with the business and never took the time to really learn how to property invest in real estate, i just assumed i was doing things correctly, i didn't know how to do the numbers, just went with the flow.Since im down to 5 rentals and i made a very small amount of money selling off the negative cash flow rentals that just never recovered from the market crash in those 2 areas, since i bought to high in the peak of the market prior to the crash. i decided to apply for a mortgage to purchase another rental in my local area using some of the new knowledge i have learned recently, but after applying for multiple mortgages most of the places i applied basically said no, that cash flow to money lent to me is in a risky zone, basically i own properties that were not bought with rental numbers in mind, so turning them into rentals they barely cashflow except for my very last property i purchased that i did basically a flip on, that left lots of room between the mortgage payment and rental rates in the area.